Envestnet Asset Management Inc. Acquires 177,079 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Envestnet Asset Management Inc. lifted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 31.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 736,523 shares of the technology company's stock after purchasing an additional 177,079 shares during the period. Envestnet Asset Management Inc. owned 0.30% of SS&C Technologies worth $61,522,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atwood & Palmer Inc. grew its holdings in shares of SS&C Technologies by 125.8% during the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock worth $25,000 after purchasing an additional 166 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of SS&C Technologies by 163.6% during the 4th quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock worth $42,000 after purchasing an additional 342 shares in the last quarter. Colonial Trust Co SC grew its holdings in shares of SS&C Technologies by 239.3% during the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock worth $42,000 after purchasing an additional 390 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in shares of SS&C Technologies during the 1st quarter worth $69,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of SS&C Technologies by 16.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company's stock worth $67,000 after purchasing an additional 123 shares in the last quarter. Institutional investors own 96.95% of the company's stock.

Insider Transactions at SS&C Technologies

In related news, Director Jonathan E. Michael acquired 2,700 shares of the stock in a transaction dated Thursday, May 1st. The stock was bought at an average cost of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the transaction, the director directly owned 72,776 shares of the company's stock, valued at $5,496,771.28. The trade was a 3.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Jay Zamkow sold 12,500 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total value of $999,000.00. Following the transaction, the director owned 12,476 shares of the company's stock, valued at $997,081.92. This trade represents a 50.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.40% of the stock is owned by company insiders.

SS&C Technologies Trading Down 1.3%

SS&C Technologies stock traded down $1.11 during trading hours on Friday, hitting $82.50. The stock had a trading volume of 751,526 shares, compared to its average volume of 1,334,086. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.00. The stock has a market cap of $20.35 billion, a price-to-earnings ratio of 25.62 and a beta of 1.23. SS&C Technologies Holdings, Inc. has a one year low of $62.89 and a one year high of $89.73. The business's 50 day simple moving average is $80.56 and its 200-day simple moving average is $80.52.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.41 by $0.03. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. SS&C Technologies had a return on equity of 18.68% and a net margin of 13.69%. The business's quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $1.28 earnings per share. On average, equities analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.21%. SS&C Technologies's dividend payout ratio (DPR) is 31.06%.

Analyst Ratings Changes

SSNC has been the subject of several recent analyst reports. JPMorgan Chase & Co. restated a "neutral" rating and set a $86.00 price objective (down from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Raymond James Financial dropped their price objective on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a research report on Friday, April 25th. DA Davidson dropped their price objective on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Finally, Needham & Company LLC dropped their price objective on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, SS&C Technologies currently has an average rating of "Buy" and a consensus target price of $91.86.

About SS&C Technologies

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.